In 2019, Heyward Donigan replaced John Standley as President and CEO of Rite Aid, marking a record for women to serve at CEO of a Fortune 500 company. Rite Aid has since appointed Matt Schroeder as its new CEO, following a leadership shakeup earlier this year. Donigan’s experience in leading healthcare companies will help the pharmacy chain overcome profitability challenges.
Rite Aid has emerged from federal bankruptcy protection and will operate as a private company. The company has promoted its CFO, Matt Schroeder, to chief executive. Rite Aid has also appointed Jeffrey Stein, who heads a financial advisory firm, as Rite Aid’s CEO.
The political party of the company is Republican, with nearly 70% of America’s top executives affiliated with the Republican Party and 31% with the Democrats. The company has also appointed Matt Schroeder as its CFO, responsible for driving the organization’s business strategy and performance.
Rite Aid Corporation, an American drugstore chain, was founded in 1962 by Alex Grass. Donigan’s appointment comes after a leadership shakeup earlier this year, which led to the company’s emergence from Chapter 11 bankruptcy. The party’s upcoming Trump election is expected to further complicate matters.
📹 Far-right party wins Austria election | REUTERS
Austria’s far-right Freedom Party must seek to clear a path to power after its historic parliamentary election victory left the …
Who is the CEO of Rite Aid?
Matt Schroeder is the CEO of Rite Aid, a leading pharmacy services provider in the US. With nearly 25 years of experience, Schroeder has optimized the company’s financial systems and aligned its strategy with its financial initiatives. He has led Rite Aid’s store development and procurement functions, provided guidance and decision-making for enterprise-wide operations, and guided the company’s decisions around capital structure and capital allocation.
Schroeder joined Rite Aid in 2000 as vice president of financial accounting and was promoted to group vice president of strategy, investor relations, and treasurer in 2010. In 2017, he was named senior vice president, chief accounting officer, and treasurer. Prior to joining Rite Aid, Schroeder worked for Arthur Andersen LLP, where he held several positions, including audit manager. His leadership is instrumental in supporting high-performance teams and delivering superior customer service across Rite Aid’s stores.
Will Rite Aid go under?
Following the successful conclusion of its financial restructuring and the avoidance of Chapter 11 bankruptcy, Rite Aid will transition to a private company.
What went wrong with Rite Aid?
Rite Aid, the third-largest drugstore chain in the United States, has encountered considerable difficulties as a consequence of prolonged mismanagement and misguided decision-making. The company’s decision to file for bankruptcy in October was precipitated by the accumulation of liabilities associated with lawsuits pertaining to the distribution of opioids and the prevailing challenges within the retail pharmacy sector. In an article published by The Wall Street Journal, the company’s unfortunate history was detailed, with particular emphasis placed on the significant losses incurred over an extended period of time.
Who are the largest shareholders of Rite Aid?
Michael N. Regan, Joseph B. Anderson, and Edward A. Mule are the most significant shareholders, with a total value of 563, 078, 590, 536, 411, 560, 323, 517, 247, 540, 311, and 500, 525, 000, respectively.
Why does Rite Aid lose money?
Rite Aid is facing financial difficulties due to factors beyond its control, including record inflation, lower insurer payments, higher labor costs, lower demand for COVID vaccines and retail merchandise, higher theft, and the loss of key corporate clients. The chain has long-term leases for no-profit stores, including $80 million a year for closed stores. Rite Aid is relying on bankruptcy to exit these deals. Rumors of bankruptcy have also surfaced after hiring restructuring advisers in late 2022, and suppliers have demanded cash payments upfront instead of waiting for the company to sell their goods.
Is Rite Aid American owned?
Rite Aid Corporation, founded in 1962 in Scranton, Pennsylvania, is the third-largest drugstore chain in the United States, with nearly 1, 300 stores across 16 states. The chain adopted its current name and debuted as a public company in 1968. It was publicly traded on the New York Stock Exchange under the symbol RAD and ranked No. 148 in the Fortune 500 in 2022. In October 2023, the company filed for Chapter 11 bankruptcy due to a large debt load and thousands of lawsuits alleging involvement in the opioid crisis. The first store was Thrift D Discount Center, which expanded into five additional states in 1965 and went public as Rite Aid in 1968. The company moved to the New York Stock Exchange in 1970.
What went wrong at Rite Aid?
Rite Aid, the third-largest drugstore chain in the United States, has encountered considerable difficulties as a consequence of prolonged mismanagement and misguided decision-making. The company’s decision to file for bankruptcy in October was precipitated by the accumulation of liabilities associated with lawsuits pertaining to the distribution of opioids and the prevailing challenges within the retail pharmacy sector. In an article published by The Wall Street Journal, the company’s unfortunate history was detailed, with particular emphasis placed on the significant losses incurred over an extended period of time.
Did Rite Aid CEO step down?
Rite Aid Corp. has announced the resignation of Chief Executive Officer and Chief Restructuring Officer Jeffrey Stein, citing the company’s Chapter 11 bankruptcy as the reason for his departure. He will be succeeded by the company’s current Chief Financial Officer, Matt Schroeder. At the time of writing, Rite Aid’s stock is currently trading at $0. 0021, representing a decline of 94%. A decline of 75 percent from its previous close of $0. 400.
What is the Rite Aid scandal?
The US government has filed a complaint alleging that Rite Aid knowingly dispensed at least hundreds of thousands of unlawful prescriptions for controlled substances from May 2014 to June 2019. These prescriptions included the dangerous “trinity” combination of drugs, excessive quantities of opioids, and prescriptions issued by prescribers identified as suspicious. The government claims that Rite Aid filled these prescriptions despite clear “red flags” that indicated the prescriptions were unlawful.
Rite Aid also allegedly ignored substantial evidence of its stores dispensing unlawful prescriptions and intentionally deleted internal notes about suspicious prescribers. The government alleges that Rite Aid violated the CSA and the Federal Food and Drug Administration (FDA) by knowingly dispensing unlawful prescriptions for controlled substances. The complaint names Rite Aid Corporation, Rite Aid Hdqtrs Corp., Rite Aid of Connecticut Inc., Rite Aid of Delaware Inc., Rite Aid of Maryland, Rite Aid of Michigan, Rite Aid of New Hampshire, Rite Aid of New Jersey, Rite Aid of Ohio, Rite Aid of Pennsylvania, and Rite Aid of Virginia as defendants.
The Department of Health and Human Services Office of Inspector General (HHS-OIG) is entering into a Corporate Integrity Agreement with Rite Aid, which includes a prescription drug claims review to have an Independent Review Organization determine whether prescription drugs are properly prescribed, dispensed, and billed.
Who is buying Rite Aid?
Rite Aid, a pharmacy chain, has faced several merger attempts in recent years. In 2015, Walgreens Boots Alliance planned to buy Rite Aid for $17. 2 billion, but abandoned the deal in 2017 due to antitrust concerns. In 2018, Albertsons and Rite Aid announced a $24 billion merger, but both were scrapped. In 2022, Rite Aid partnered with Google Cloud for a multiyear technology partnership to enhance its digital and data capabilities. The company also revamped its brand to compete with CVS Health and Walgreens.
📹 Austria’s Election Explained: Another Far Right Victory in Europe
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Up 13% since last election and is now the biggest one, and AS ALWAYS.. the reaction from the status quo parties is not “let’s look at why voters are upset and work on those issues together”, but rather “let’s work together to lock them out from any sort of power, making the population even more angry in the long run”. Always the exact same circle in every single European country where the right-wing party has skyrocketed. It’s pathetic.
Not sure if its intentionally missleading or poorly researched, but there are multiple errors in the article, e.g. at 1:36 : the FPO has been in governement more then twice. They also formed a coaltion with the SPO in 1983. A couple of sentences later the narrator says the FPO has been a marginal opposition party for decades before they shifted to the right in the 80s. Thats wrong again, they were actually in governement when Haider took over leadership.
The moderate and left wing parties need to change their stances on immigration at this point, regardless of whether people on the left think its an issue, its clearly a big enough issue that its swinging elections across Europe. This is Russia’s main play to survive its current situation in Ukraine, we need to stop it before the effects become irreversible. Sitting around calling people who have been swayed by anti-immigration rhetoric racists isnt serving us anymore.
Any coalition that does not include the FPÖ will, in the long run favor the FPÖ. Such narrow coalitions will make the country hard to govern, giving ammo to the FPÖ that on the next election can thus focus on how ineffective the other parties were. What I really do not understand, with all polls in Austria showing that immigration is a major concern to the majority of Austrians, why don’t the other parties don’t just revise their stance on it according to the people’s will? The same goes for Germany.
As an austrian, I can reassure you that my people suffer under severe amnesia. People that voted for the FPÖ are angry and scared about the way this country handled the pandemic and migration system. It is fair to state that the established parties in austria are incompetend as fuck when it comes to those topics, thats why I’m still baffled how the ÖVP and SPÖ still got so many votes as they did. So political landscape looks like this: we got the turbocharged racist white supremacist FPÖ party, the incompetent “we always voted for these mfs” factions and the smaller parties just younger people care about. welcome to the shitshow.
My bet is a Dutch or Swedish government solution. With either a ÖVP or Technocrat Chancellor and FPÖ ministers, alongside several key FPÖ policies, but with some compromises, being implemented as compensation for missing the chancellor position (Dutch). Or a ÖVP one party minority government with a sort of strict written policy agreement with the FPÖ and tight cooperation, but no FPÖ ministers in government. But as compromise the FPÖ gets essentially complete control over migration policy and some other issues, but ÖVP gets to decide most other things like foreign policy, economic policy etc (Swedish)
A little explanation for everyone: Far-right: Anarcho-capitalism, stalinism (maoism, titoism ecc.), fascism and nazism (also neo-fascim and neo-nazism), Right-wing: Minarchism (not mOnarchism), national conservatism Centre-right: Liberal conservatism Centre: Liberalism, christian democracy Centre-left: Progressive social democracy Left-Wing: Socialism, democratic socialism, eco-socialism (always progressive) Far-Left: Communism, anarchism (anarcho-communism/anarcho-syndicalism), syndicalism.
What truly amazes me is how socialdemócrat parties in Austria, Germany, Danmark, Netherlands forgot their foundarional values and engaged in despicable alliances with ultraliberals to the point where their constituencies are unable to differentiate one from another. Thus harming the representation role of parties in a democratic systems. They paved the way to their own graveyards.
As an Austrian myself i dont like this party (far-right) at all. They where the strongest in this election, but they probably wont be even in the government, because they dont have 50 percent. 70% of Austria is against them and that is good. If some Americans would say now it is unfair that the strongest party will not be part of goverment, then you are wrong because thats not how parlamentary elections work over here.
In my opinion, as an Austrian, an FPÖ and ÖVP coalition is the most likely. First, other coalitions would have to include an ÖVP/SPÖ partnership, which is highly unlikely given their current political stands, such as the SPÖ wanting to introduce a 32-hour workweek. They also prefered the FPÖ over the SPÖ in the past when it came to coalition forming. I’m also not sure if Nehammer will remain the leader of the ÖVP. Additionally, it would look pretty undemocratic if Van der Bellen didn’t give the task of forming a government to the FPÖ, which would only strengthen them in the next election.
Love the content. Two minor corrections: 1. Only 2% voted for FPÖ because of Kickl. 2. And Kreisky was also called peoples chancellor, who is one of the most celebrated Austrian politicians from all sides. So that’s who “others” also includes. It’s just a weird thing a controversial German comedian started. Otherwise it’s a short, but fair representation.
It’s a shame that you again missed a key factor in analyzing the election results – the education level of the voters. Here are some more detailed numbers from ORF’s analysis. Voters with a University degree: ÖVP: 27% NEOS: 19% SPÖ: 18% Greens: 16% FPÖ: 15% Voters with at least a completed high school: ÖVP: 29% SPÖ: 20% NEOS: 16% FPÖ: 16% Greens: 12% Voters who’re currently employed, but don’t have a completed high school degree: FPÖ: 47% ÖVP: 17% SPÖ: 16% NEOS: 9% Greens: 5% And another very worrying statistic: 45% of the the voters who cast their vote for the FPÖ believe that democracy is NOT the best form of government.. In short yet another election with a stark difference in outcome between the uneducated and the educated population. The uneducated simply don’t have the necessary critical and analytical skills to understand the causes of the current mediocre state of the economy in EU and equally as important aren’t capable of devising actionable solutions to the problems and thus fall for populism. Plus they tend to spend a lot of their time on social media complaining very loudly instead of using that time to think about solutions and addressing with their local MP(s).. Yes high immigration rates are problematic (the majority of the immigration to Austria is from other EU/EEA countries though) and it’s important that immigrants from outside the EU are well and quickly integrated (and that was often neglected by social-democratic parties in Western countries). But from my experience (I live in Oberbayern close to the Austrian border) many of these uneducated FPÖ voters who are “anti-immigration” in fact mean “I want Austria to leave the EU, because all these Croats, Slovenians, Romanians, Poles are taking our jobs and Germans/Bavarians are buying our houses in-mass!
What to expect from a country where one of the presidents in the 80s was an ex-SS officer who spent a lot of time in the Balkans (I wonder what he was doing there, it’s not like that place was one of the most brutal when it came to ethnic cleansing in WW2, right?). Maybe chronically not dealing with your past is a ticking time bomb, which was going to explode soon. What a shame. It is a beautiful country that I am in love with, the landscape, the culture, architecture, the amazing mountains… the list goes on and on. The place looks like a paradise, for crying out loud. But the demons had to come out full force at some point. It was inevitable.
It’s hilarious all the people in these comments like their Austria is not a weak nation with no defense. These are the same Austrians that demand to be protected because of their “neutrality” by NATO, free trade while they’re protectionist, and EU subsides. This is the Orban mindset that doesn’t live in geopolitical reality, tourism to Vienna is not gonna save Austria from those consequences. I never really understood how these types of parties never understood immigration is a domestic issue, and if it is international based on a flow from example North Africa then you have to give concessions to those countries to help you stem the flow like Spain recognizes Morocco’s claim on Western Sahara
Center parties need to understand the current crisis NEEDS to be adressed or the people will keep voting in “extremes”. Respect your “enemies”, listen to them, and listen to the problems they are pointing to. You might dislike their proposed solution, but CLEARLY, they are talking about problems the public feels are important.
Keep using the “far-right” label to describe simple populist movements across Europe, like other propagandist corporate media… Clearly using that pejorative has been working! The “far-right” has never been stronger in Europe. Maybe if news websites like yours use that word enough, all the people who want change will feel ashamed! Keep it up! Using pejoratives to describe the majority of Europeans surely will be successful!!!
A FPÖ/ÖVP coalition is (sadly) not as out of the question as you make it out to be. Most Austrians (me included) think that it is the most likely outcome. And even if it somehow isn’t, the FPÖ will only have more fodder (Since a OVP/SPÖ coalition will most likely not stop the inflation and we have a major middle east crisis incoming) for the next run and can really lean into the victim role.
As an Austrian, Regardless of political views or opinions on this outcome, it’s interesting to observe how things will develope over the next five years. Whilst the population is shifting to the right, the government is expected to remain center-left to left – similar to France, the United Kingdom, and possibly some German states. The question is how “painful” it would really be for the Blues to remain in opposition now…
Austrian resident here: the FPÖ have always been strong here, but additionally prior to this election, they also got some “lucky breaks” in the form of the abortive Islamist terror attack on the Taylor Swift gigs in Vienna, plus the flooding, which has severely affected infrastructure in several areas of the country, particularly Carinthia, where their vote surged. There will either be a cordon sanitaire coalition, comprising of several parties opposed to them, or they will go in with the ÖVP again, until the next corruption scandal, which dogs electoral politics here. Although given the ÖVP’s comments on scenario B, to the effect that one can’t govern with a conspiracy theory party, perhaps that option is less likely than it was.
The FPÖ was in a government coalition three times not two: First with the SPÖ in 1983, then in 1999 under the ÖVP (even though the ÖVP had only come third in the vote; and the coalition with the ÖVP cost the FPÖ most of their votes in the next election) and in 2017 under the ÖVP (which also led to crashing election results) One of the main reasons the FPÖ is getting so strong is, that the other parties have attacked the ÖVP constantly over the last few years and painted them much more right than they actually are. Which in turn cost the ÖVP a lot of votes, that went from center-right towards far-right. It seems that the other parties like the SPÖ, Grüne and NEOS are more interested in damaging the ÖVP, and slowly but steadily erroding the political discourse, than in keeping the FPÖ from constantly gaining votes. Populists win by dragging everyone else to their level. My bet is on the SPÖ forming a coalition with the FPÖ this time, after they get rid of their current party leader. It’s not like they have not tried allready to sabotage Bablers election, just to replace him with his main rival Doskozil (who himself leads a SPÖ-FPÖ coalition in the Austrian state of Burgenland). Unfortunately for the SPÖ this internal election fraud got unmasked by journalists, that recalculated the official vote tally. Edit: During the speech by Selenskyi also a sizable part of the SPÖ was missing in parliament.
I´ve said this before, I´ll say it again, I hate how websites call this a “win”. The point of proportional representation is that there is no overall winner. It´s more accurate to say the FPO is the single biggest party, but of course 70% of Austrians didn´t vote FPO. The FPO have no right to govern under Austrian law, it would be perfectly legal for the president to ask the OVP to lead the government formation. In my view and FPO-OVP coalition is the most likely outcome, with a “neutral” figure as Chancellor.
My own attitude to immigration is that whether anyone likes it or not it’s become obligatory (European native birthrates have been tumbling, and as such working-age populations will continue to reduce relative to economically-inactive people, and in the long term this will lead to disaster; one way or other we need to bolster our population of working-age people, and immigration is a quick fix for that), but it’s become extremely obvious that the voting public across Europe is increasingly souring on it and will vote for any party who will reduce it regardless of their other policies. Realistically, other parties have two options at this point: also take an anti-immigration stance, or try and address why people are against immigration in the first place (which isn’t necessarily simply the presence of immigrants). Simply calling people racist and going about business as normal is just going to lose more elections.
You guys love chucking the word “far right” around. Policies that were central 20 years ago have now become “far right”? Shame because other than that your articles are good and informative. Just try not to push your own views as much, and if you use the word far right you better damn well be able to explain why a party is far right, saying “they don’t like illegal immigration” doesn’t cut it, thats a central policy.
I’m Austrian born Turkish. The right wing upsurge was to be expected. I predicted it 3 years ago and told all my family and close friends. Nobody understood me or took me serious back then. Only thing that surprised me is that the ÖVP is still over 20% considering how much they fked up the last 20 years they had all the time and power to make positive changes but it only got worse amd worse with them. But I know they have those nostalgic die hard boomer voters that will vote them matter what and they are quite a large number too. Kickl is a smart guy no doubt, compared to the other idiots he went up against. He had an easy game even though the others tried to attack him, they were too stupid to understand that people now see through these usual denunciation tactics. And this is the problem, the other parties have become so arrogant and haughty, that they have no sensibility and feeling how they come across anymore. They really thought people will still vote them as they always did. But among the people, everyone knew a few weeks before the election that FPÖ had it in the bag. This was a necessary first wake up slap to the other parties that have become too corrupt, apathetic, lazy and arrogant.
right. not far right. It seems right don’t exist anymore in the vocabulary. Also you should mention that the FPÖ is by far the most liberal of the bigger partys here in Austria. The others, even if more left, are way more authoritarian. I think the succes of the FPÖ came because people are tired of beeing pushed around by politicians who think they are the kings. We will see if FPÖ can make that better….
People have to open their mind to the fact that all of those Germanic soldiers were just being patriotic, and if you would have been born then and there as a Germanic person, you would have probably felt pride and wanted to go and be a part of it. It was just the norm. SO I agree not all SS were bad people.
I’m mainly just upset that the Bierpartei didn’t win seats and force one of the establishment parties to have to enter serious talks with them. Edit: I would’ve voted KPÖ if I were Austrian, but the fact that neither they nor the Bierpartei made it in and the far right won a resounding success is upsetting
I can understand the anti-immigration/anti-islam rhetoric. I cannot understand the anti-Ukraine and pro-Russia stance. Does the FPO think Ukraine should simply cede its sovereign territory like Austria did to Hitler? Surely it will lead to peace like ceding the Sudentenland did for Czechia in WW2, right? It makes no sense. In March 1938, Nazi Germany annexed Austria, a blatant violation of post World War I peace treaties. The annexation of Austria signaled the Nazis’ complete disregard for their neighbor’s sovereignty and borders. Despite this, the international community accepted it as a done deal. No foreign government intervened. The international community hoped that German expansionism would stop there. Some condemned the decision not to intervene in Austria. During a speech in the House of Commons in March 1938, Churchill warned that the annexation of Austria was just the Nazis’ first act of territorial aggression.
It might be an interesting idea for a article/podcast discussion, we are seeing German, France, Austria, the US and UK having elections famed as “vote for the establishment to avoid the far right” with little enthusiasm for the establishment. How long could/will this last? What could be the ramifications if the established parties can’t reinvigorate their bases without the fear of the alternative?
Kindly mention that “Germanic” countries- D-A-CH were always pretty conservative to begin with. Zilch equal opportunity laws, homogeneous corporate world and academia, rampant discrimination etc puts off even the most qualified skilled migrants. Before recent surge of RW parties, they were previously getting generous review from liberal press because handouts to mass migrants. A Chinese PhD candidate would always get eliminated in rental market, and Indian SAP developer would have his CV binned by HR intern.
All parties have their enemies. That’s basically the only politics they do atm. Let’s so who the main enemies of Austrian parties are: FPÖ: immigrants and asylum seekers (politically often mixted up but I do think they are totally different topics) OVP: unemployed people and people who aren’t rich. SPO: rich people(although it’s not really clear where rich starts. Probably if you have money left on months end) and men GRUNE: men and car drivers If you can vote and don’t want to vote someone who hates you it’s getting difficult.
Once again in history we find that the extreme right is great friends with the Russians who one would conventionally consider to the the ‘extreme left’. Fact is that the extreme left and extreme right are very similar and have far more in common than more centrist democratic moderated of either left or right of centrist leanings.
Europe jumps from globalist centrists, to left wing socialist then right wing national socialists. I’d like to introduce the Europeans to a different set of political ideologies. Liberals believe in strong individual freedoms, anti war, social safety net & free markets, neutral/anti-war foreign policy. Libertarians believe in strong individual freedoms, to the point that welfare should be minimized, peace through strength foreign policy.
Actually I can only apologise. In particular as I read the “main motivation” for it allegedly was the excessive rise in prices. On the other hand, if you really think you’re affected by Austria’s truly massive inflation if you have a brain it would make sense to vote for social Democrats/Labour. Voting for Nazis instead makes as much sense as voting for Brexit for a better economy… wait…: This is a British website, right? Ehrmmm… sorry… however, I think, you get the idea 😢
If I was a right winger, I would simply not vote for a party founded by nazis. Like, I don’t get how that’s not a nearly universal principle?! And even if that party changed, voting for and continue to engage politically in a party created by nazis is still placing yourself somewhere in the political inheritence of said nazis. Which is, in my opinion, a bad move.